Seeking Alpha


Send Message
View as an RSS Feed
View Percy12's Comments BY TICKER:
Latest  |  Highest rated
  • The Real Economy Of Bakken Shale Wells Of Continental Resources [View instapost]
    Mark has it about right.
    I am a mineral owner and working interest owner in the Bakken, I'm not complaining. Two mile long lateral, 38 frac stages, $9.5MM.
    ROI less than 2 years. $78 and $86 bo 1st year.

    Not the same as "investing" in a well since I have no royalty overhead.
    But my favorite Bakken player is KOG and has been for several years now...I don't have a well with them but I do with my 2nd favorite and that is EOG...They have been selling my wells oil for over $100 for months and months now.....just down the road Brigham was selling my oil for $20 less per barrel in the same months......I have no stock in any company.....

    Maybe your math is good, but your number values are bad, very bad. My first long lateral well was $7.5MM You must be picking out the worst of worst problem child wells if you think they cost $13MM.

    Now of course you need to plug in the multi-pad well cost data. man, is that going to mess with your theory. I guess it has been 7 months since you last had a chance to change your mind about all of this.....You can still use like $70 oil if you want in your formula since we really can't count on this over $100 blip to keep going.
    Jul 10, 2013. 04:37 PM | Likes Like |Link to Comment
  • Bakken Update: A Look At Kodiak's Recent Well Results [View article]
    To clarify for me...BOCs ..."Bakken Oil Company(s)?"
    $58pb..."per barrel?"
    If I understand those two things correctly then I can make the comment that you are really really wrong. The lowest amount my oil sold for since September, 2011 is $82pb. In April 2012, my oil sold for $105.17pb.
    If your operator is selling for $58pb, then I feel really bad for you. I doubt any of the big BOCs sell their oil at the well head or field price.
    I suggest people view WTI and Brent prices as "guidelines" not gospel.
    Jul 11, 2012. 02:39 PM | Likes Like |Link to Comment